On December 1, the Missouri Senate rolled out SB 194, a crucial initiative aimed at barring central bank digital currencies (CBDCs) from being classified as legal tender in the state. This legislative step reflects a growing unease among state lawmakers regarding the potential implications that CBDCs may have on economic privacy, control, and statewide financial
Regulation
In a noteworthy development within the digital asset investment sphere, Grayscale Investments has initiated a filing with the US Securities and Exchange Commission (SEC) to convert its Grayscale Solana Trust into a spot exchange-traded fund (ETF). This strategic maneuver aims to create a trading vehicle that would enable investors to gain direct exposure to Solana
As President-elect Donald Trump assembles his administration, one of his key decisions revolves around the leadership of the US Securities and Exchange Commission (SEC). Reports indicate that Paul Atkins, a veteran financial regulator known for his pro-deregulation stance, is a frontrunner to succeed Gary Gensler as chairman. Atkins, who holds a Republican background, previously served
In a surprising move, President-elect Donald Trump has announced the formation of a new governmental body—the Department of Government Efficiency (DOGE). With tech entrepreneur Elon Musk and former presidential candidate Vivek Ramaswamy at the helm, this initiative aims to address what Trump describes as critical inefficiencies within the U.S. government. The launch of DOGE, detailed
In recent discussions regarding the evolution of currency and payment systems, Federal Reserve Governor Christopher Waller raised critical questions about the introduction of a central bank digital currency (CBDC) in the United States. During his speech at The Clearing House Annual Conference 2024 on November 12, Waller articulated his skepticism surrounding the need for a
The landscape of the cryptocurrency industry is heavily influenced by political dynamics, and recent insights from Andreessen Horowitz (a16z) suggest that the potential reelection of Donald Trump could serve as a catalyst for growth and innovation within the sector. The firm’s leadership expressed an optimistic outlook on how a shift in political winds might pave
The asset management firm 21Shares has become the latest participant in the competitive race to establish spot exchange-traded funds (ETFs) focused on XRP. On November 1, the company submitted its S-1 registration form to the U.S. Securities and Exchange Commission (SEC), aiming to list its Core XRP Trust shares on the Cboe BZX Exchange. This
In a notable move for the cryptocurrency sector, Gemini, the well-known exchange founded by the Winklevoss twins, has announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for cross-border money transfer and digital payment token services. This development, made public in an official statement on October 29, signifies Gemini’s intentions
In the rapidly evolving landscape of digital currencies, the Satoshi Action Fund is at the forefront of advocating for State-based legal protections for Bitcoin self-custody. This initiative mirrors strategies successfully employed by the cannabis industry to navigate the complex web of federal regulations. As Bitcoin continues to gain traction among users and investors alike, the
In a groundbreaking collaboration, the United States and Nigeria established the Bilateral Liaison Group aimed specifically at tackling the rising tide of cryptocurrency-related crime and illicit financial activities. This partnership, announced on October 23, showcases the US’s commitment to uniting with Nigeria to enhance the West African nation’s capabilities in combatting cybercrimes. Though both countries
